The Internal Revenue Service (the ?ãIRS?ÃÂ¥) issued proposed regulations regarding the individual mandate requirement under the Affordable Care Act.?á Specifically, the regulations address the requirement that individuals maintain ?ãminimum essential coverage.?ÃÂ¥?á Beginning this year, a taxpayer is liable for a shared-responsibility payment if the taxpayer (or any nonexempt individual whom the taxpayer may claim as a dependent) does not have minimum essential health care coverage in a month included in that tax year.?á Married taxpayers filing a joint return are jointly liable for the payment.?á The IRS previously issued final regulations on the shared responsibility payment, but those regulations left a number of open issues, which the proposed regulations address.?á The proposed regulations apply to months beginning after December 31, 2013.?á The proposed regulations are available here.
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IRS Issues Regulations on Minimum Essential Coverage
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